IFRS 9, Financial Instruments

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  1. IFRS 9, Financial Instruments deals with the measurement and classification of which of the following items?

  2. Early adoption of IFRS 9 is permitted under the standard. However there are obstacles to early adoption. Which of the following issues should not be an obstacle to early adoption?

  3. IFRS 9 uses a mixed model approach to measurement. Which of the following measurement methods are acceptable under IFRS 9?

  4. How does IFRS 9 distinguish between the measurement methods to be used in the standard?

  5. Under what circumstances can the profit or loss on an equity instrument carried at fair value be dealt with in Other Comprehensive Income?

  6. Under what circumstances under IFRS 9 can an entity classify financial assets that meet the amortised cost criteria as at FVTPL?

  7. When can the classification of an instrument, which has been determined on initial recognition, be changed?

  8. In what way does IFRS 9 require embedded derivatives to be accounted for?

  9. Which of the following events will not necessarily be a consequence of IFRS 9?

  10. What was the primary aim of the revision of IAS 39?